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the wealthiest men in america, merchants, among them, john hancock, yes, thee bold john hancock on the declaration of independence whose name is synonymous with signature. long before that, he was arguably the wealthiest merchant banker in america living on beacon hill with a commanding view of the massachusetts landscape and sea scape. far from espousing individual liberty, hancock and his fellow merchants in new england, governed their businesses and communities with economic ruthlessness that often left their competitors homeless and penniless. like today's tea party movement, the colonial tea party had almost nothing to do with tea. tea was nothing more than a social beverage for wealthy women. men seldom draping it, and it ranked below ail and rum among beverages americans consumed most. the tea party movement that sparked the american revolution actually began 20 years earlier in the 1750s and 1760s when new england business leaders like today's tea party supported a costly government war, but refused to pay higher taxes to cover the cost of that war. the war had started i
of the impetus for prioritizing the issue of poverty came from the other america, a best-selling study of poverty by holy cross alumnus michael harrington who found poverty hidden in appalachia and if america's inner -- and in america's inner cities. shriver accepted the challenge and got to work first of all researching the scope of the problem and its possible solutions. he found 30 million americans then live anything poverty -- living in poverty, and his agenda for them was not handouts, but employment through programs like the preschool head start program, a job corps to retrain adults for an increasingly postindustrial economy and vista, volunteers in service to america, often described as a domestic peace corps. there were programs stressing community leadership, local planning with federal funds, and there were legal services for the poor. in time the war on poverty raised up resentment from some public officials who were challenged by the fewly-empowered poor. newly-empowered poor. meanwhile, slowly but inexorably, the war in vietnam drew funding away from slave's operation. offered a ch
to everyone down there in times square, all across america. did you say it was an experiment with the dogs right there? >> all i can think of is my dog behind the wheel, what a mistake. >> that isn't happening with my dog. >>> and a look at lara. she is live in london this morning. >>> we also have the latest on the prank call to the hospital ward. >>> we also have the latest on the showdown in d.c. on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also,
. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? indicated up 14 points. unable to hold on to the gains we saw yesterday
of america. every time you come to this floor it's a question, why are we here? we are here to do the people's work. let's sit down. get it done. and move forward. instead of filling the agenda however worthy some of those initiatives may be, instead of not along with passing a middle income tax -- this is also reminiscent of a year ago. the president proposed, the house and senate, democrats and republicans, voted for the payroll tax holiday. the republicans in the house resisted. painted themselves into a corner until they had no choice. the issue had been made too hot for them to handle and they finally had to come around to supporting the payroll tax holiday. and here we are again. 100% of the american people will receive a tax cut when we pass the middle income tax cut. the wealthiest people in our country will receive a tax cut up to their income of $250,000. we are asking them to pay a little bit more for what they make over $250,000 a year. to help reduce the deficit, to help grow the economy, grow the economy. that growth is what is essential. you want to reduce the deficit, create
recounts the life of america's sixth president on quincy adams who died in 1848. quincy adams was some of the second president john adams had a long political career which included, aside from his presidency, ten years of secretary of state, senator, congressmen and miniature. this is a little under an hour. i will start with a very simple question. was there a moment you said to yourself i need to write a biography of john quincy adams? >> yes, indeed, there was. a couple years ago when i ran out of any ideas on the founding fathers. others had written on washington, jefferson, madison, and i'd written on patrick henry, james monroe, james hancock. so i pulled out john f. kennedy's cal woods prize-winning book profiles in courage and their in chapter 1 was john quincy adams. i thought his name begins with a xu chapter 1. that's not the reason he was in chapter 1. john kennedy himself a war hero had listed these characters in order of the degree of courage, and he placed john quincy adams first among the most courageous senators and congressmen in american history. he was not just the
that was and the challenges facing us in 2013. first to our big stories of 2012. and america's left turn from the supreme court's landmark health care decision to the reelection of president barack obama. and politics headed in a decidedly liberal direction, so what happened and what does it mean for the country going forward. joining us columnist and detail editor, dani henninger and kim strassel. dan, we like to say for a long time we live in a center-right country. if you look at the last two presidential elections that doesn't seem to be the case. are we living now in a new, progressive era? >> in terms of the presidency, i think we are, paul. i'm not sure about the country. barack obama i think is the center left or left wing president since the great depression and i think that what barack obama has in mind to do is indeed to redistribute income from the top downward, not to cut spending, but to increase spending, it's explicit from a 20% of gdp to 25% gdp and rather than cut spending raise taxes as necessary to support that spending and i would say that is in fact essentially the french model. and
about giving more money to the least competent pele in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have t figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melia: neither of these proposals, neither side gets us closer to closing the enormous gap you're talkin about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000.
gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off your list. >> brian: not a world. can we agree as well that is our secret. >> steve: she doesn't have to know. we have a busy three hours starting with a fox news alert. >> gretchen: we have one out of carey. president mursi returning, mohammed that is returning to the palace. he took off amid
, and south america and the various countries were beginning to rebel against spanish king and the french team and they were going to send and put down rebellions in english would keep the french from growing to south america. they invited americans to join in keeping the french out of south america because south america was rich with all the gold and silver. john quincy adams was secretary of state and said absolutely not, were not going to get involved in foreign wars. we're not going to let them come over here either. the seeds were planted for the monroe doctrine. it was part of monroe's annual message and he announced his cabinet for help in putting together some sort of statement, making our international policy clear. john quincy adams wrote the corporate vision of god. there are three long paragraphs that now call the monroe doctrine. he tells the europeans he does not want to get involved in wars. we don't want anything to do. you stay out of our affairs. the band of the colonial era had come to an end. you can no longer consider americas as father for colonial aspirations and any att
enemy america has -- at is our first president, george washington. >> i think george washington said this when he was up in massachusetts in the beginning of december 1775 or maybe late november. communications were slow in these days. washington, in the point in time, probably the most recent things he knew about done more -- about dunmore was probably as close to the peak of his power in virginia because ultimately he was chased out of virginia. but during the summer and fall of 1775, he was very effective in sending out troops to read plantations. -- to read plantations. he was during of the indians. they could find refuge and get the fleet of the british army. even stirred up the instruction of indentured servants. not only did look like he might succeed, but there were rumors that he would ascend the party in the area of alexandria, va irginia. george washington is up there in massachusetts were about his wife. even thomas jefferson were about his wife at the same time. and i put that in. i did not dwell on it. i think it is a footnote or something like that. but washington had
now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white house. jake, the white house downplayed this new offer but will it be enough to jump-start negotiations? >> reporter: i don't think so, george. the white house advisers describe the proposal that republicans offered yesterday, as a step backward in terms of negotiations. what the outlying house republican states is $2.2 trillion in deficit reduction. that includes 1.2 trillion in spending cuts. $800 billion in new revenue. optimistic projections. and $200 billion in other measures, such as adjusting the consumer price index. but house republicans say if the president doesn't like this, it's incumbent upon him to offer a plan that can make it through the house and the senate. >> the white house says they want to see the republicans first say that tax rates are going to go up. is there any prospect of a face-to-face meeting between the president and house speaker john boehner in the coming days? and how are they getting
visit booktv.org. >> author jon meacham recount it is career of america's third president d recounts the career of america's third president, thomas jefferson. he reports that despite his strong beliefs and opposition to confrontation, president jefferson was able so successfully lead the country in a highly partisan political environment. this is just under an hour. [applause] >> it's all downhill from there. [laughter] my lawyer will take any complaints later. thank you so much, and thank you to what, for what you all do here. i am a, i shopped here as a young washington monthly editor. shopped is too strong. we didn't have any money. as you all may remember, washington monthly editors were paid $10,000 a year which, as kate boo -- who won the national book award last night adding to her amazing list of of accomplishments -- kate used to say she knew she had actually graduated from the monthly when she could buy entrees as well as appetizers in restaurants. so i never actually spent money here, but i'll try to fix that. i am enormously grateful. i am a southerner, i'm from tennesse
there is a great middle out there that makes of america. the more we reflect the middle, the better off our committee will be and i think the service we provide will be better. >> what gives you that hope? >> a lot of people are recognizing the pathway we are on will not help. more and more members are talking with me where we discuss with one another how we can improve the place. i hear it almost every day. i encourage it. >> there are people who believe partisanship is a good thing because ideology and the direction of the country moves in the way they want. for example, people have come in with the tea party. what do you think of these hyper-partisan groups outside of the congress that attempt to exert their influence? >> one of the more fascinating experience i have had involves a gathering. my first meeting a couple years ago, with tea party types. my staff was concerned about this new group. i said, give me their telephone numbers. i invited them to our session. they were there that evening to express their concern about health care being nationalized and taking over that piece of the
was afraid if they could not hold america, the dominoes will fall elsewhere in the british empire. he was wrong about that and he was wrong about a lot. he was a bad decision maker for the british government in the early years. but to blame it all on him would be a great mistake. >> what is your take on the 16 points that were made by thomas jefferson in the virginia constitution and therefore the declaration of independence? >> that is all this stuff about george iii being an ogre and being responsible for everything. that was dressed up for very good reason. if you were urging a revolution, and by political theory of the era, you could overthrow a tyrant. overthrowing a tyrant was ok, it was not a civil war. it was something that had greater justification. in order to make the case they needed heading into the period of wanting to be credible to the other nations so they could gain from france or spain, and this was another reason for the declaration of independence, you had to make george iii out to be a tyrant. sonya, with all these arguments about what he did. that is where tempe
countries is stamped "made in america" and that's something to be proud of. something to be proud of. [cheers and applause] by the way, i hope the camera folks had a chance to take a look at some of the connects including that flag made out of connects and joe biden was in costco, he wanted to buy some of this stuff but i told him he had too much work to do. i wasn't going to have him building rollercoasters all day long. of course, santa delivers everywhere. i have been keeping my own naughty and nice list for washington. so you should keep your eye on who gets some connects this year. they're going to be some members of congress who get them and some who don't. [applause] this is a wonderful time of year. it's been a few weeks since a long election finally came to an end and obviously i couldn't be more honored to be back in the white house, but i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you! >> i love you back. [cheers and applause] the benefits of traveling and getting out of the white house is it g
of contemporary writing that they know of in america. one of the things that helps is to be writers ourselves and to know what makes a writer comfortable, to respect a writer who has come for a visit and not treat that writer like some sort of circus side show. and to engage that person in conversation. we often like to say and joking among ourselves that we invite writers to dinner, and we just have these couple of public events on either side of the dinner or some gathering after one of those public events. what really happens is sitting down and having good conversation. it brings writers back. it's actually one of the things that people, i think, most appreciate about the writer's institute. writers will be respected as writers. i remember one writer saying, you know, you go to some literary readings, and you think, gosh, i'm so glad i got through that. let me, you know, catch the next plane out. you go to the writer's institute, and you find yourself saying, wow, that was good. i hope they invite me back. >> mom and dad were high school teachers, so we would take family vacations across
jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two
the opportunity and skirted up. -- screwed it up. >> we have two chinese immigrant families representing america. it is hard to imagine it in reverse from the chinese side. they're not an immigrant-based society. >> do they take it as an honor? >> yes. they also want to claim him. you know, as part of the greater china community. and then there is a bit of a disappointment, but it is an amazing moment in american history. >> i guess you want over there just before or after the big confrontation in august over the debt crisis. what has been their view of how our political system is working, whether we are worthy partner? >> the views of a top chinese government leaders is to have great confidence in the u.s. economy. they have made those statements to the top american leaders that have gone, all the way from vice president biden, and xi jinping met with president obama in february of last year. they expressed great confidence in united states. they're always asking about how the recovery is going. they believe that we will get our fiscal house in order. they know how dependent they are, and that
as americans coming from the same place. we all want to live in a safer america. we just differ on how to achieve that. where i think the mark is being missed, and for give the pun, is that i feel like the discussion needs to be about the madness, not about the method. so, let's focus on violence as a topic, certainly, guns is one point of discussion, but i think that there is a broader discussion to be had. but nobody can make any progress until we take some of the emotion out of it. and think about it holistically, we don't want to have unintended consequences and fix one thing and break another, and i think that's where the challange is. the good news we all want to live in a safe america, we need to talk about the best way to achieve that. stuart: that's unbelievely retrained from you, carol. i unleashed earlier on the program against piers morgan and were you restrained. i appreciate that. >> now what, stuart? i'm starting a new party in in america, i'm calling it the common sense party. if you'd like to join me, this is my-- one of my first forays in the common sense party. stuar
successful at cost control and private insurers have been, the great thing about america is we have everything, all possible assistance here. the veterans health administration which is true socialized medicine, the doctors are government employees, is incredibly efficient relative to the rest of the health-care system. >> you did a calculation that showed a health care system, the best in europe or france or germany, we would have no deficit in the baby boom demographics. >> everyone else -- canada is a single payer system but not socialized medicine. medicare for everybody. and is complicated. but it is a mixture of public provision, public health insurance but much heavier hand of government, the same cost as the canadian system but spectacularly good outcomes relative to anybody and britain has a system which is pure socialized medicine and the outcomes are a little better than ours. the cost is 40% better. all of these, if we were able to emulate these things we would be able -- our budget problems would be gone -- and it defies -- one of our two presidential tickets, the signa
the targeted community depends heavily on. and we know america is aging. america is getting older every day. i think 10,000 people retire every day. by 2030 is as -- it is estimated 20% of the population will be aged 65 and over. this really targets services to an expanding population. next slide, please. the current funding formula for the older americans act, it is primarily based on age before title b and c and 7, the share of population age 60 and older, and for title 3e, the share of population which is 70 or older. the act also provide a minimal level of funding for each state. no state can receive less than half a percent in total appropriation. in 2012 these numbers were about 5.9 million and title seven, $108,000 respectively. the law also includes a provision, each state will receive a least as much as in the prior fiscal year. while the federal formula is based on age, the older americans act requires state programs to target prioritized services to that population with the greatest economic and social needs. these include factors like poverty, living at or below the poverty level,
proprietary not in a bad way that in a quite paternal because they cared about the definition of america and the survival and success of america. they did that what drove jefferson this case is the fear that would be swallowed up as a free of the revolution virtually in the world had been by the forces of reaction. i argue in the book that it's impossible life and to understand early american history without seeing the period between the end of the french and indian war and 7063 and the end of the war in 1815 as a 50 year war with britain sometimes hot and sometimes cold but always there. in precise analogy but it would be writing about washington, adams, jefferson, hamilton without reference to this struggle. i think would be like riding but truman, eisenhower, kennedy, johnson, nixon, ford, carter, ronald reagan and not mentioning the soviet union. the foreign policy was that significant and his domestic ramifications were that significant. jefferson was terrified the british were coming back. the good thing about this argument is that they did. so you win the argument. the war of 1812
in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower tax rates expiring and federal aid for things like unemployment checks. here is a statistic for you. if there is no deal in place for january 1st, those benefits, those unemployment benefits will no longer be authorized. the law project estimates some two million americans will stop receiving benefits after december 29th. that's today. many experts fear going over the cliff could send our weak economy plunging back into a recession. president obama says he remains optimistic, but he says no bargain could be reached in congress, then congress must vote on his back up plan to block taxes for anybody making less than $250,000 a year. chief congressional correspondent mike emmanuel has more.
combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower tax rates expiring and federal aid for things like unemployment checks. here is a statistic for you. if there is no deal in place for january 1st, those benefits, those unemployment benefits will no longer be authorized. the law project estimates some two million americans will stop receiving benefits after december 29th. that's today. many experts fear going over the cliff could send our weak economy plunging back into a recession. president obama says he remains optimistic, but he says no bargain could be reached in congress, then congress must vote on his back up plan to block taxes for anybody making less than $250,000 a year. chief
of the impetus for prioritizing the issue of poverty came from the of america. the best-selling study of poverty by the holy cross alumni michael harrington who found poverty hidden in appellation and in america's inner cities. shriver is accepted the challenge and got to work first of all research and the scope of the problem and its possible solutions. she found 30 million americans then living in poverty, and his agenda for them was and handouts employment through programs like the preschool head program, a dhaka court to retrain adults for in the dhaka the postindustrial economy and vista volunteers in service to america often described as a domestic peace corps. there were programs come stress and community leadership, global planning with federal funds, and there were legal services for the poor. in time, the war on poverty raised up resentment from some public officials who were challenged by the newly uncovered poor. meanwhile, slowly but inexorably, the war on vietnam drew the funding away from shriver's operation and offered a choice between war and asia and in poverty. johnson relucta
.01%, it amounted to about 4.2 million per family. so when you think about why is there this polarization in america, why are there these very different views about the world, you know, part of it is there are very different worlds that people are inhabits. having said that, so, you know, my premise is this isn't just a case of the rich have always been with us. something really different is happening, and it's important for us to talk about it, to research it, to figure out what's going on. but actually, there is a real reluctance, and i have admit particularly here in america, and i'm canadian, so i see you guys with a little bit of a distance. [laughter] particularly in america there is a reluctance to talk about these issues of income distribution. and one of my friends who was supposed to be here tonight, i talked to him about this, and he said that it's -- i'm going to quote him because it was such a nice line. so he said: i was once told by the head of a prestigious think tank in washington, d.c. that the think tank's board was very unlikely to fund any work that had income or wealth inequali
not hold america, the dominoes will fall in the rest of the british empire. he was a bad decision maker for the british government in the early years. to blame it all on him would be a mistake. >> what is your take on the 16 points that were made by thomas jefferson in the virginia constitution and then the declaration of independence? >> all that stuff about george iii being an ogre and responsible for everything, if your urging a revolution, by political theory, you could overthrow retired. -- a tyrant. overthrowing a tyrant would be a good thing. in order to make the case they needed heading into wanting to be credible to the other nations, such as france or spain whatever, you had to make george iii out to be a tyrant. so he came up with all of these arguments about what he did and that is with jefferson did. >> what did you think? >> i was not a big jeffersonian after i did all of this. he was a wordsmith. he was not a good executive when he was governor of virginia. he was not able to organize effective resistance. he wasn't famous until he was famous in the sense that we know his
be for a number of things. not only are we talking about america, we are talking about the world when we fail to do things we need to do. but for the moment, the issue of the day has to do with an adequate discussion on talks of the american people about just what we need to do regarding this measure. we cannot do everything, and i know that. we cannot stop evil and violence by educating everything, but in my judgment we can and we must do something. failure to do that is a helluva lot more important to me than whether the president and john boehner jump off a fiscal cliff. >> it did yeoman yields back. mr. bishop. -- the gentleman yields back. >> let me first say, mr. scott, that the shawl is specific for you. it is designed to match the wheelchair and the walker you will be given in the senate. in my years as speaker of the house -- [laughter] 1 of the things i had to do is try to enforce the rules we had in quorum in debate. i just want you to know that first ball, i don't ascribe to any special powers to see into the heart of other people so i cannot prescribe motives to anybody or how th
-term investments here. at the same time, we do not start of what has been so much a part of america's -- do not starve so much of what has been a part of america's history, our willingness to invest in the future, and that includes children, poor children, modern infrastructure, basic and blue sky research. when we get beyond the challenge we face over these next few weeks, i think that is going to be a broader challenge we face over the next decade. >> i think we have time for one more question. over here. as the question is coming, i want to say how much we support the president in this fight on ensuring the balance, and the president has been very strong on that issue. >> richard singer. we are a biomedical company that helps nurses and doctors, may collaborate better with social media. we got a small amount of the innovation funding, but it is a broader question about the health care ecosystem. if the company goes under, all the software engineers get new jobs in a matter of weeks. but in biotech, we have a lot of people with ph.d.s, longer-term and specialized types of areas, and we do
, lake -- [inaudible] actually it's a wonderful part of america. here we have two chinese immigrant families representing america. it's hard to imagine it in reverse from the chinese side. but then they are not in the great society. >> do they take it as an honor? >> and deep. as ambassador locke mentioned they want to claim him and steve chu as part of the greater chinese community when they start talking about human rights or disagree with him on climate change. but nonetheless it's an amazing moments in american history. >> you went over there just before or just after the big confrontation in august of 2011 over the debt crisis here and there is so much concern whether china would continue to surface our debts and by our investment, treasury bond. i was just wondering, what is the mayor theo up our political system is working and whether our economy, whether we are a worthy partner i guess. >> abuse in the top chinese government leaders as they have great confidence in the economy and know how strong it is. they've made statements to the south american leaders that have gone all
, the america the peopley a significant majority, the problem is a spinning problem. but not ex blessively a spending problem. they have come up with comprehensive plans that rely on spending reductions than tax increasing overtime, they achieve the spending reduction through comprehensive social security reforms and tax reforms, to get the revenues that is the pathway forward. and but again, i think we have to be realistic, we don't have a lot of time left. let'focus on what we need, avoid fiscal cliff, a credible down payment in regard to revenues and spending, it has to have a more spending element than we see right now. and targets, spending in revenues to achieve a grand bash an next year. neil: thank you very much, wall street is giving up. dow futures off almost 300 points, if you are getting a sense of de. deja vu you are not alone. remember when they rejected tarp 1, it was shot down, and stocks went way down, the dow tumbling better than 770, congress quickly reconvened, took out there are tarp vote to avoid door dow fall off, it was thought it safi the day, what happened, the do
it and change the tax basis, the treasury has to call on corporate america to change the withholding tables. all of us get taxes withheld. if they're going to change what rate i'm going to be taxed at, they're going to have to change that table. that's not an overnight process. certainly, the treasury can't afford to let that go too long because everybody will be underwithheld. they'll get a big tax bill. there will be a riot among the people if that happens. what i'm watching is the treasury. if they get nervous enough, they'll ask them to change the tax tables. so far it looks like they smell a deal and haven't asked for it yet. you think we're going to get a deal? >> i think they may try to push it to the end. the other thing i'm watching for is the 17th when the president is due to take his family to hawaii. i don't think he wants to be in hawaii without a deal. something is going to come up. >> ron, what about you? >> i thought the resignation of senator jim demint, who was a staunch conservative, which was a surprise departure, tells me the republicans in many ways are throwing in the towe
's go where we have good labor relations in the united states of america -- the wages are reasonable. >> greta: are the big companies, though, are they the one who is are union busting? if they are only going to go to those states and put some governors up against the wall, in order to compete -- >> sure. they are going to get the best deal. here's where i agree with the union guys. nafta, gatt, they are magna carta for transcontinental corporations to shut down the united states, where they have high wages and the high regulations and move it over to china, cut your wage rate by 80%, produce there, bring the products back into the united states and then the huge new profits you make, share those with your shareholders and the executives. and that's where i disagree this globalization, free trade. they have really been unfair. one place i agree with hoffa. he was with me in the 90s. they are bringing mexican trucks into the united states, driving them on american highways, mexican drivers into rounder-cut american teamsters. i think that's wrong. i think the teamsters -- >> greta: ye
're great. you don't believe it? let's make it happen. >> people talk about how america is in certain collapse. any time you go to europe, i love europe. i'm not going to talk about the chocolate makers, but when you go to europe and especially great britain, you don't get the sense of optimism you don't get when you land back here in america. i heard you talk about the force multiplier. you multiply that 300 million times over, what a powerful force. >> i spend a lot of time out in the countryside talking to all kinds of audiences. trade associations and financial organizations and they are all worried about the economy and the unemployment rate. they haven't lost confidence. they are hustling and trying to make a living so that people make a better living for their families. don't count this place out. it will never be out. >> the second rule runs counter to what the reality is in washington right now. get mad and then get over it. you talked about how politics is not a zero sum game. your friend 90% of the time is not your enemy 10% of the time. >> i tell a story about a disagreeme
the kingdom of heaven. >> difficult images, difficult words for these dark days in america. we begin this afternoon as the first of many funerals are held in newtown, connecticut. the beginning of what will prove to be a parade of ceremonies laying to rest beautiful young children and their dedicated young teachers who became the victims of a senseless and unspeakable act of violence. children like 6-year-old noah pozner, smart as a whip, gentle but rambunctious, mourned by his twin sister ariel who was in a different classroom and survived. jack pinto, also 6, loved skiing, baseball, and football and was a big fan of the new york giants, especially victor cruz. the star receiver wore the boy's name on his cleats and gloves in tribute during the giants game sunday night. as a nation grapples with how and why these many young lives were cut brutally short, it fell to the president in newtown last night to face the impossible task of consoling a town that lay in emotional ruins. >> i can only hope it helps for you to know that the you're not alone in your grief. that our world, too, ha
cash rewards card. apply online or at a bank of america near you. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>teve: this is probably going to bug you, people of afghanistan are supposed to be allies, right. >> brian: not according to their president karzai. listen. >> policies coming to us from terrorism and the taliban. it is partly coming to us from the structures that nato and traded in afghanistan. >> brian: our time and mon yesacrifices are a waste? >> steve: joining us is the army veteran for america. good morning to you. president karzai is blaming united states and nato for violence and corruption in afghanistan. he sounds a little >> yes, it is a nice posen pill to look at. i was in a
there that makes of america. the more we reflect the middle, the better off our committee will be and i think the service we provide will be better. >> what gives you that hope? >> a lot of people are recognizing the pathway we are on will not help. more and more members are talking with me where we discuss with one another how we can improve the place. i hear it almost every day. i encourage it. >> there are people who believe partisanship is a good thing because ideology and the direction of the country moves in the way they want. for example, people have come in with the tea party. what do you think of these hyper-partisan groups outside of the congress that attempt to exert their influence? >> one of the more fascinating experience i have had involves a gathering. my first meeting a couple years ago, with tea party types. my staff was concerned about this new group. i said, give me their telephone numbers. i invited them to our session. they were there that evening to express their concern about health care being nationalized and taking over that piece of their personal life. they were no
specialist tdd#: 1-800-345-2550 will help you get started today. >>> look at shares of bank of america. 1015 is where it is trading right now. firmly above $10 mark. watch for a firm close above 10 and that will give them hope that perhaps they can stay and go higher at this point. watching the stock along with other bank stocks off of news from citigroup. citi laying off 11,000 people. >> starbucks card for the 1% has arrived. at least that is what some are calling the new $450 starbucks gift card made from steel. it comes loaded with 400 bucks, cost $50 to make and only 5,000 of them will be sold exclusively through luxury online retailer gilt.com and that sale starts friday in case you wanted to buy one. >> i think i probably will. >> really? >> 50 bucks to make a steel card? >> you get $400 worth of coffee. >> it cost $450. it cost $50 to make the card. >> can you get -- i assume you can get it replenished? >> that's a good question. >> if you want to use it again. >> i'll probably pass. steel card is heavy. >> i was thinking about how much it would weigh in your pocket. >> maybe by u.s.
, philadelphia, new york city, boston, the most congested corridor in the united states of america, that is the only 600 miles that we really own. we another small stretches around the commuter -- all the rest of amtrak service, over 20,000 miles of private freight rail. i see the main rail people in the audience and they have concerns too about using theirs and not having dedicated them and we need to address that issue as we move forward. final point is northeast quarter is where we should be putting the focus. give the administration credit for at least taking the money that has been turned back dedicating so that to the northeast quarter but we are doing it in a piecemeal, half baked fashion. the northeast corridor, every state, every major area can benefit by bringing high-speed rail to the northeast corridor. 70% of our air traffic delays emanate from the northeast corridor even when we have next-generation air traffic control, move planes faster and closer together with doubling of air-traffic, all of the other restrictions we have in that corridor, you must have high-speed
destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been reached on a pan european banking supervisor. european finance ministers say they've drawn up plans to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting went into the late hours of the night. it sounds like the uk and sweden got their way. how significant is t
states of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. the chair lays before the house a communication. the clerk: the honorable the speaker, house of representatives. sir, pursuant to the permission granted in clause 2-h of rule 2 of the rules of the us us house of representatives, the clerk received the following message from the secretary of the senate on december 21, 2012, at 4:04 p.m. that the senate agreed to the conference report accompanying the bill, h.r. 4310. with best wishes i am signed sincerely, karen l. haas. the speaker pro tempore: without objection, when the house adjourns today it shall adjourn to meet at 20:00 p.m. on thursday, december 27, 2012. without objection, the committees may have until the end of the second session to file the final report pursuant to clause 1-b of rule 11, and the chair of the committee in consultation with its ranking ranking member before filing such report may update report to reflect committee or house action taken after the report was ordered reported o
silence except for the television. it is america's biggest problem. and on that cheerful note, thank you very much. [applause] >> next, and to raise with to retiring members of congress. dan burton of indiana talks about his 30 years in congress. followed by senator kent conrad on his 26-year career. and a discussion on corporations and stock values. dan burton is retiring from the house this year after 30 years in office. the 15-term congressman represents the fifth district in east central indiana which includes parts of indianapolis and the surrounding suburbs. earlier he talked with c-span about his past investigations of the collective demonstration and the oversight ruled congress. this is 30 minutes. as you exit the institution how would you say it stated? >> it has changed a great deal. it is not the same as when i came 1983. there seemed to be more comedy. tip o'neill was speaker. i will never forget he was the first time he was on the floor raising cane with democrats. he had someone take his place and he came down and started giving me the dickens. after that we bec
in a financial crisis and ms. lagarde, who heals from tax the rich, 75% france is lecturing america, very interesting. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding
. stuart: a question for you. >> go ahead. stuart: in america we say you have goose bumps when you're very cold. in england we say you're hen-fleshed. are you either this morning? >> i am both, put together. times a hundred. stuart: excellent. >> i look like rudolph with my nose. stuart: may i recommend you wear a hat and i'm losing my hair and-- >> i do, i have a hat with me as well as ear warmers just not for this hit. can i tell you some things going on behind me today? >> no, don't have time, sorry. that's the way it is. >> i was going to tell you about the drunken revellers and their bathroom experiences, i guess you don't want to know. stuart: you should hear what they're saying, no more drunken revellers, no time. wrap up, keep warm, young lady, i mean it. >> thank you very much happy new year to you. stuart: happy new year to you, lauren. and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress wil
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